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Plus: Powell’s pausing. Bitcoin’s not

Welcome

GM. Whether prices are ripe or rotten, we’ve got your daily crop report - no sugar added.

🚀 Bhutan launches a tourism crypto payment system.

🍋 News drops: ransomware gang gets hacked, CZ asks for a pardon + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $3.11T 3.56% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $99,231.27 2.75% 2.21%
Ethereum Ethereum ETH $1,991.72 9.79% 6.80%
XRP XRP XRP $2.22 5.04% -0.95%
BNB BNB BNB $615.19 2.60% 2.09%
Solana Solana SOL $157.01 7.90% 2.39%
Prices as of 10:00 AM EST. Click here to see live data.

The Fed kept interest rates the same yesterday for the third meeting in a row, at 4.25% - 4.5%. Just like we thought they would.

And, matter of fact, the Fed doesn't seem to be planning to lower them anytime soon (even though President Donald Trump wants them to cut rates to help the economy).

Fed Chair Jerome Powell didn’t sound too sure about what to do next, because tariffs made things a bit tricky.

  • On one hand, tariffs can push prices up (because imported goods get more expensive), which makes inflation worse. That might mean raising rates to fight inflation;

  • But on the other hand, tariffs can also slow down the economy by making trade harder and more expensive. That could mean lowering rates to help the economy if it weakens.

So, for now, Powell said they "can afford to be patient as things unfold."

Jerome Powell parody tweet 05-08

Source: @alifarhat79

Now, normally, rate cuts = good news for crypto. But the Fed isn't cutting.

So... why is Bitcoin pumping so hard we can smell $100K again?

👉 After saying no to a similar bill earlier this week, Arizona Governor Katie Hobbs signed a new law that lets the state keep unclaimed crypto and start a Bitcoin Reserve Fund. No taxpayer money or state funds will be used for it.

One day too late to be the first US state to do this - New Hampshire beat them to it - but still, it’s big news!

👉 Trump announced that the US and UK agreed to a "full and comprehensive" trade deal. It’s the first deal since Trump started a trade war with tariffs all over the place.

And since those tariffs have been partly to blame for crypto’s recent sad price action, this deal is giving the market a mood boost.

Basically, Powell’s waiting - but Bitcoin isn't. I hope. To the moon, please.

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🥝 Memecoin harvest

These tokens woke up and chose violence 💥

Data as of 05:00 AM EST.

Check out these memecoins and plenty more here.

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🇧🇹 Why we're going to Bhutan

No, it’s not just because the place looks like a postcard come to life, the culture is just fascinating, and the flag is sick af.

... Ok, that's definitely part of the reason. But it's not all.

Bhutan launched the world's first national-level tourism crypto payment system in partnership with Binance Pay and DK Bank (Bhutan’s first fully digital bank, licensed by the Royal Monetary Authority of Bhutan).

Tourism Bhutan tweet 05-08

Source: @tourismbhutan

What that means: if you’ve got a Binance account, you can pay for almost every part of your Bhutan adventure - hotels, tour guides, you name it - using crypto.

This system supports at least 100 different crypto assets, including Bitcoin, USDC, and BNB.

So, the following situation could actually be reality:

"Here’s your wooden phallus souvenir, sir. How would you like to pay?"

(Btw, yes, that’s a thing. Phalluses have deep historic and spiritual meaning in Bhutan - they’re often painted on homes or carved from wood to keep evil away.)

"Thank you, sir. I'll pay in BNB."

Craaazy.

Joe from Friends nice meme

This approach removes some of the biggest travel headaches: high transaction and currency exchange fees, worrying whether your international cards will work, and the pain of waiting for payment confirmations.

Instead, you get real-time confirmations, near-zero fees, and a fully licensed local bank handling all the settlements.

And that’s not just cool for tourists - it’s a huge achievement for crypto. Here’s why:

1/ Real-world adoption

We’re not talking about buying a pizza with Bitcoin. This is an entire country letting you pay for your WHOLE trip with crypto.

That’s a level of utility we don’t often see.

2/ National-level integration

This isn’t just some forward-thinking techy business accepting crypto.

This is a government-backed system, which adds credibility and makes the process smoother and safer for users.

3/ Positive signal during regulatory uncertainty

While many governments are still debating how to regulate crypto, Bhutan’s embracing it for a national service.

Strong vote of confidence.

4/ A W for Binance

Binance has been battling some regulatory storms lately.

And partnering with a whole COUNTRY shows that despite the scrutiny, it's still securing major, credible deals and expanding its real-world presence.

Definitely a power move.

Binance tweet 05-08

Source: @binance

Now, let’s hope other countries hit copy + paste…

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🍋 News drops

😳 Some hackers broke into the secret dark website of the LockBit ransomware gang. They leaked almost 60,000 Bitcoin addresses - probably tied to ransom payments. Now, blockchain investigators can use this info to trace where LockBit’s money has been moving.

🙏 Binance founder CZ, who was convicted, says he’s officially asked Donald Trump for a pardon. He said Trump’s past pardons for the three BitMEX founders pushed him to give it a shot.

🏢 There’s a new Bitcoin company in the works called Nakamoto, and it’s getting ready to go public. It’s led by David Bailey - the guy advising Trump on crypto - and he’s already raised $300M to kick things off.

🕵️‍♀️ Agatha Christie may have died in 1976, but now there’s a digital version of her teaching a writing class through BBC Maestro. The course gives tips for anyone looking to sharpen their writing skills.

😨 Lost access to your Ledger wallet? No worries - we’ve got a simple guide to help you recover it.

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🍌 Juicy memes

Why didn't I buy at 74K

Source: @naiivememe

Where's my rent money

Source: @naiivememe

Checking if I have to work

Source: @CryptoTea_

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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